18-Mar-2024
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BlackRock Announces Product Updates to 10 iShares ETFs
Business Wire (Thu, 21-Dec 1:45 PM ET)
The iShares Expanded Tech Sector ETF seeks to track the investment results of an index composed of North American equities in the technology sector and select North American equities from communication services to consumer discretionary sectors. The Underlying Index includes companies in the following categories: producers of sophisticated computer-related devices; providers of communications equipment and internet services; producers of computer and internet software; consultants for information technology; providers of computer services; semiconductors and semiconductor equipment manufacturers; and select company engaging in content and information creation or distribution.
iShares Expanded Tech Sector ETF trades on the ARCA stock market under the symbol IGM.
As of March 18, 2024, IGM stock price climbed to $85.19 with 206,129 million shares trading.
IGM has a beta of 1.28, meaning it tends to be more sensitive to market movements. IGM has a correlation of 0.61 to the broad based SPY ETF.
IGM has a market cap of $4.51 billion. This is considered a Mid Cap stock.
In the last 3 years, IGM stock traded as high as $88.45 and as low as $43.63.
IGM has outperformed the market in the last year with a return of +63.0%, while the SPY ETF gained +33.9%. In the last 3 month period, IGM beat the market returning +15.9%, while SPY returned +9.6%. However, in the most recent 2 weeks IGM has underperformed the stock market by returning -1.0%, while SPY returned +0.3%.
IGM support price is $83.04 and resistance is $85.50 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IGM stock will trade within this expected range on the day.